Showing posts from August, 2019

Rent your spare room

If you have a spare room that you wouldn’t mind letting out to somebody else, a student or somebody needing accommodation, possible for a few months, then you could rent it out and not pay any tax! At the moment you don’t have to pay tax on any amount of rent paid up to £7,500 a year under the Governments Rent a Room Scheme. Some people worry that this a dangerous thing to do, but it can be quite risk free. I haven’t got a lodger at the moment as I haven’t got a spare room but I have had in the past and it was great. I had somebody in house if I wanted to go away, a built in babysitter, a man around if I needed anything lifting. One of my lodgers was a joiner and put down a laminate floor for me and helped decorate the house. He also had a couple of children who came and stayed over at weekends and played with my daughter! The second lodger wasn’t so helpful but he was quiet and tidy so no problem. To qualify for the Rent a Room Scheme, you must be living in the same property as your lo…

Get it Cheaper!

Using coupons can save you £100s and they are easily available on the internet, in newspapers and magazines and in shops. The other day a friend was taking me and my daughter out for a meal, so I checked online and found a 25% off coupon that I could download on to my mobile phone, he was amazed how much money we saved on the meal.
NB, shops can turn down the coupons so I wouldn’t recommend that you don’t make a special trip to the shop just to get that one thing.
Vouchers are available for restaurants, days out, utilities, fashion and gyms as well as grocery shopping.
Some people seem to make a career out of couponing, which is called extreme couponing. They spend hours searching for coupons and using them as effectively as possible, leading to getting their shopping for a fraction of the price.
You don’t have to go to these lengths; even casually using a few coupons you happen to have on you can save you a few quid. You could put in a little more effort and save on things you need buy t…